MORE FROM FOXBUSINESS.COM...

"Deciding where to retire is an important part of your life plan," Emily Brandon, senior editor for Retirement at U.S. News, said in a statement. "When considering potential retirement spots, you should look for an affordable cost of living, proximity to health care services and a strong economy, especially if you plan to work part-time.

Last year’s top retirement spot, Lancaster, Pennsylvania, lost the crown this year – falling to the third place spot.

The rankings are based on an analysis of the 125 largest metropolitan areas in the United States, based on a weighted average of scores on six items, including housing affordability, happiness, desirability, retiree taxes, job market and health care quality.

Here’s a look at the results:

1. Ft. Myers, Florida

Ft. Myers jumped from its second-place ranking last year to the top spot for 2020.

The city has a population of about 700,160 people and an average high temperature of more than 84 degrees.

The median home price is $219,200, while the unemployment rate is below the national average, at 3.4 percent.

More than 25 percent of the population is over the age of 65.

2. Sarasota, Florida

Another Florida metro, Sarasota, ranked second.

Slightly larger than Ft. Myers, Sarasota has population of about 768,380 people.

The average salary in the city is $42,680 and the median home price is $237,260.

The report notes that a migration of wealthy residents has pushed housing prices higher – 30.6 percent of the population is over the age of 65.